GST rate cuts: In a massive relief for the residents of India, the central government has reduced the GST tax slabs on several consumers needs including individual and group health insurance, motor cy

PM Modi (File)

GST rate cuts: In a massive relief for the residents of India, the central government has reduced the GST tax slabs on several consumers needs including individual and group health insurance, motor cycles, ACs, televisions.

“PM (Narendra) Modi desired to give the benefit of GST cuts to people at the earliest. These reforms are not only on rationalising rates, but they are structural too. We have corrected the inverted duty structure,” FM Sitharaman has said on the GST reforms.

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